The work, carried out by Claudio Lozano and Javier Rameri, of the Institute of Thought and Public Policies, assures that the “concentration” of the markets is one of the “structural problems” of the Argentine economy. And he relates it to the inflationary problem: “The oligopolistic control verified in some strategic sectors, such as widely used inputs and energy, turns out to be one of the fundamental factors that strongly drives inflationary dynamics; in which the larger companies have almost exclusive responsibility ”.
On the other hand, the document accounts not only for the concentration of companies in sectors, but also for the presence of few actors within the “peak of economic power.” Ten businessmen own 27 of the firms with the highest turnover, which account for 35% of the total turnover of the business leadership.
The report mentions that within the ten entrepreneurs are those with a long history within the economic power: Rocca, Pagani, Viegener, Pérez Companc, Magnetto and Eurnekian. While others entered in recent years: Caputo, Elsztain, Mindlin and Macfarlane-Colomb.
Again, it refers to the ability to set prices: “The presence of actors in different parts of the value chain gives the possibility of setting prices.” As a “typical” case, he mentions the Techint company: “It sets the prices of this basic input for countless productions of the manufacturing industry”.
Sector by sector
Disseminated inputs. In cement, 3 firms account for 85% of total shipments (Loma Negra, Holcim and Petroquímica Comodoro Rivadavia). In steel, a central input for the industry, Techint, Through Ternium, it produces 57% of the rolled steel production. Tenaris, also owned by Techint, concentrates 100% of the market for seamless pipes. In aluminum, the local firm Aluar, of the Madanes Quintanilla family, it is the only producer of primary aluminum.
Telecommunications Clarion and Telecom, of the Clarín group, it comprises between 30% and 43% of the users of telephone services (fixed and mobile), cable TV and internet.
Electronics. Newsan leads the production and marketing of televisions (29%), air conditioning equipment (39%), under the Sanyo, Noblex, Philco, LG, JVC and Pioneer brands. On cell phones, the group Mirgor (through the subsidiary IATEC) holds the leadership in the market with a 46% share through the Samsung brand. Between Mirgor and Newsan, they comprise 90% of the mobile phones produced and marketed in the country.
Source From: Ambito
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